I know a number of you already read Money Morning and i also know some of you take what they these guys say with a grain of salt but what they uncovered recently in regards to certain banks is, to say the least, a real bombshell. It turns the rules regarding disclosure of ASX listed companies into a total joke. This is a fairly lengthy read and to follow it properly you will need to read these in descending order but I think you will be as shocked as I was when i read the information. As I actually held shares in one of the banks mention at the time of these events I am now writing to ASIC ( and for the sake of all shareholders in any ASX listed company I would also encourage you all to write in for clarification of what the ASX considers a breach of said disclosure rules based on the information contained within these articles ).
